Millions of Americans will soon see a much-needed $1,200 direct deposit in their bank accounts this month. This is part of a government effort to provide ongoing financial relief to individuals still feeling the effects of the COVID-19 pandemic. With the country continuing its recovery, this direct deposit is a timely boost for households across the nation.
Who Gets the $1,200 Payment?
To qualify for the $1,200 payment, you need to meet certain income requirements. If your 2021 tax return shows you earn less than $75,000 a year, you’re likely on the list to receive the payment. For married couples, that threshold is $150,000. People with dependents may also be eligible for a larger payment.
If you filed your taxes recently, it’s a good idea to make sure the IRS has your most up-to-date banking information so the money can be directly deposited into your account without delay. Payments will be sent gradually throughout the month, so if you don’t see it right away, don’t worry—it’s on the way!
How to Find Out If You’re Getting the Payment
If you’re wondering whether you’ll receive the $1,200 direct deposit, the IRS has a tool called “Get My Payment” that allows you to check your status. By using this tool, you can confirm whether you qualify and track your payment. Be sure your direct deposit information is up to date to avoid any unnecessary delays.
For those who don’t have a bank account or haven’t updated their information, payments may be sent by mail in the form of a check or prepaid debit card. Keep in mind that these payments may take longer to arrive.
What to Do If Your Payment Is Late
If you’re eligible for the $1,200 direct deposit but don’t receive it by the end of the month, it’s important to check the IRS status tool first. Sometimes payments get delayed, so tracking your payment through the tool can provide clarity. If there’s no update, you may need to contact the IRS to ensure there aren’t any issues holding up your payment.
Conclusion
The $1,200 direct deposit is a much-needed financial lifeline for millions of Americans. If you meet the eligibility requirements, be sure to check the IRS website and make sure all your information is correct to avoid delays. As the government continues to process payments, patience will be important—but the good news is, help is on the way!
